in Newswire February 27, 2019

Major Banks Accused of Fixing Prices for Fannie Mae, Freddie Mac Bonds on Secondary Market

by Erin Gilmore

Last Updated on February 27, 2019

City of Birmingham Retirement and Relief System et al. v. Bank of America, N.A. et al.

Filed: February 22, 2019 § 1:19-cv-01704

A proposed class action lawsuit alleges a group of 17 major banks conspired to artificially raise prices of Fannie Mae and Freddie Mac bonds issued on the secondary market between January 1, 2009, and April 27, 2014.

Last Updated on February 27, 2019 — 12:02 PM

Erin Gilmore

erin@classaction.org

Erin works primarily on ClassAction.org’s newswire, reporting on cases as they happen. She is an honest writer, a faithful friend, and a mediocre bassist.

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